Pure Storage announced the acquisition of Sunnyvale, California based software company StorReduce.
The acquisition allows Pure Storage to add deduplication technology to its object storage portfolio and expand its public cloud integrations to meet the growing demand to manage unstructured data in multi-cloud environments.
StorReduce’s cloud-optimized technology reduces storage and bandwidth costs, enabling flash plus cloud solutions across a variety of use cases, including data tiering, migration, and protection.
“With the combination of StorReduce’s data reduction capabilities and Pure’s flash and object storage technologies, we can now optimize many modern cloud-native applications as well as many existing unstructured data workloads, in particular rapid recovery,” said StorReduce CEO Vanessa Wilson.
Charles Giancarlo, Pure Storage CEO, said they can help customers execute on data-centric architectures that bridge seamlessly from on-prem to cloud.
Pure Storage achieved revenue of $308.9 million (+37 percent) with gross margin of 66.7 percent and operating margin of -17.9 percent in Q2 2018.
The company said nearly 400 new customers joined Pure Storage in the quarter, increasing the total to more than 5,150 organizations.
New customer wins in the second quarter include: Dustin Sverige, Honda Federal Credit Union, Fresenius Medical Care, Lufthansa Aero Alzey Gmbh, New York Genome Center, Syntax, TaxSlayer, The University of Texas MD Anderson Cancer Center, and Zeiss Vision Care France.
Pure Storage said it is expecting revenue of $361-$369 million with operating margin of 4-8 percent in the third quarter fiscal 2019 and revenue of $1.35-$1.38 billion in the full year fiscal 2019.
